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Currency Forex In Singapore Trading Article

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The 6 Advantages Forex Trading Has Over Other Investments

from: David Morrison





There are many different advantages to trading forex instead of

futures or stocks, such as:





1. Lower Margin Just like futures and stock speculation, a forex

trader has the ability to control a large amount of the currency

basically by putting up a small amount of margin. However, the

margin requirements that are needed for trading futures are

usually around 5% of the full value of the holding, or 50% of

the total value of the stocks, the margin requirements for forex

is about 1%. For example, margin required to trade foreign

exchange is $1000 for every $100,000. What this means is that

trading forex, a currency trader's money can play with 5-times

as much value of product as a futures trader's, or 50 times more

than a stock trader's. When you are trading on margin, this can

be a very profitable way to create an investment strategy, but

it's important that you take the time to understand the risks

that are involved as well. You should make sure that you fully

understand how your margin account is going to work. You will

want to be sure that you read the margin agreement between you

and your clearing firm. You will also want to talk to your

account representative if you have any questions.





The positions that you have in your account could be partially

or completely liquidated on the chance that the available margin

in your account falls below a predetermined amount. You may not

actually get a margin call before your positions are liquidated.

Because of this, you should monitor your margin balance on a

regular basis and utilize stop-loss orders on every open

position to limit downside risk.





2. No Commission and No Exchange Fees When you trade in futures,

you have to pay exchange and brokerage fees. Trading forex has

the advantage of being commission free. This is far better for

you. Currency trading is a worldwide inter-bank market that lets

buyers to be matched with sellers in an instant.





Even though you do not have to pay a commission charge to a

broker to match the buyer up with the seller, the spread is

usually larger than it is when you are trading futures. For

example, if you were trading a Japanese Yen/US Dollar pair,

forex trade would have about a 3 point spread (worth $30).

Trading a JY futures trade would most likely have a spread of 1

point (worth $10) but you would also be charged the broker's

commission on top of that. This price could be as low as $10

in-and-out for self-directed online trading, or as high as $50

for full-service trading. It is however, all inclusive pricing

though. You are going to have to compare both online forex and

your specific futures commission charge to see which commission

is the greater one. 3. Limited Risk and Guaranteed Stops When

you are trading futures, your risk can be unlimited. For

example, if you thought that the prices for Live Cattle were

going to continue their upward trend in December 2003, just

before the discovery of Mad Cow Disease found in US cattle. The

price for it after that fell dramatically, which moved the limit

down several days in a row. You would not have been able to

leave your position and this could have wiped out the entire

equity in your account as a result. As the price just kept on

falling, you would have been obligated to find even more money

to make up the deficit in your account.





4. Rollover of Positions When futures contracts expire, you have

to plan ahead if you are going to rollover your trades. Forex

positions expire every two days and you need to rollover each

trade just so that you can stay in your position.





5. 24-Hour Marketplace With futures, you are generally limited

to trading only during the few hours that each market is open in

any one day. If a major news story breaks out when the markets

are closed, you will not have a way of getting out of it until

the market reopens, which could be many hours away. Forex, on

the other hand, is a 24/5 market. The day begins in New York,

and follows the sun around the globe through Europe, Asia,

Australia and back to the US again. You can trade any time you

like Monday-Friday.





6. Free market place Foreign exchange is perhaps the largest

market in the world with an average daily volume of US$1.4

trillion. That is 46 times as large as all the futures markets

put together! With the huge number of people trading forex

around the globe, it is very hard for even governments to

control the price of their own currency.





About the author:



David Morrison gives you a handy, easy to understand intro to

the wonderful, profitable world of forex trading. This article

is free to publish - more information can be found at
href="http://www.forextrader123.com">www.ForexTrader123.com









 

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